Reciprocating compressors are, primarily, positive-displacement machines. It compresses and move gases by producing linear (reciprocating) and rotational motion. The compressors are deployed to enhance the pressure level of the compresses gas.
Owing to functions of the reciprocating compressor, it is widely employed in oil & gas industry, refineries, gas processing plants, gas pipelines, and many others.
Further, it is an ideal solution for industrial requirements and low space locations. Hence, demand for reciprocating compressor is growing from LNG & CNG transport and refineries. Growth in the demand rate is attributed to reliability and efficiency of the compressor. Also, it is ideal for consistent duty operation.
All these aforementioned factors are likely to fuel growth of reciprocating compressor market in coming years.
Meanwhile, rising demand for oxygen supply across steel and iron industry is anticipated to, further, push horizon of the reciprocating compressor market.
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Reciprocating Compressor Market – Snapshot
Reciprocating compressors finds extensive use in the manufacturing of chemicals and petroleum. Utilization in these processes comprises use in the transportation of natural gas and compression of gas. In addition to that, reciprocating compressors are substantially used in a wide range of processes in various industrial sectors such as pharmaceutical, power generation, refrigeration, metal processing, oil and gas, and chemicals. Such wide scope of application is likely to work in favor of the global reciprocating compressor market in the near future.
In the last few years, shareholders in the global reciprocating compressor market are expected to shift their focus on managing heat efficaciously, helping in rotation, narrowing the flow of gas, and improving the durability of the machine,
Rising Demand from Several End Use Industries to Boost Market Growth
A rise in the demand for these compressors from CNG and LNG transport and storage plants and refinery are likely to shape the contours of the global reciprocating compressor market in the near future. However, the fraudulent imitation of the designs of these compressors and high competition in price are likely to emerge as growth restraining factors for the global reciprocating compressor market.
Apart from that, the reciprocating compressors come with excellent features such as excellent performance in both high pressure and power. This factor is likely to pave way for the rapid revenue generation of the global reciprocating compressor market.
These compressors are used in a large number of industries, some of which are
- Natural gas processing plants
- Oil refineries
- Chemical plants
- Gas pipelines
- Refrigeration plants
One specialty application of reciprocating compressor comprise the blowing of plastic bottles that are made of polyethylene terephthalate or PET. In addition, the production processes of iron and steel are increasingly making use of these compressors, which is estimated to fuel the growth of the global reciprocating compressor market in the near future.
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High Demand for Cost-efficient Reciprocating Compressors
Reciprocating compressors are extensively used in the production of chemicals and petroleum, including natural gas transportation and gas compression. In addition, reciprocating compressors find applications in an array of industrial sectors, including oil & gas, chemicals, refrigeration, metal processing, power generation, and pharmaceutical. In recent years, stakeholders in the reciprocating compressor market are expected to focus on improving the machine’s durability, assisting in rotation, narrowing gas flow, and managing heat efficiently. Some of the major components of a reciprocating compressor include pistons, piston rings, frames, cylinders, crossheads, and valves. Key manufacturers of reciprocating compressors are aiming at improving the quality of these components to optimize the performance of their products.
Improving the compressor efficiency is a major area of focus for the players operating in the current reciprocating compressor market landscape. In the past couple of decades, manufacturers have launched reciprocating compressors that are specifically designed to function in a duty cycle rather than operating continuously. Despite the entry of other variants of compressors such as screw compressors, the demand for reciprocating compressors is relatively higher, owing to a range of factors, including cost-efficiency, less maintenance, and exceptional capabilities of operating in hostile working environments. Due to these factors coupled with fast-paced technological advancements, the global reciprocating compressor market is expected to reach a value of ~US$ 6.2 Bn by the end of 2027.
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